Mastercard Incorporated (NYSE:MA) Stake Lessened by Weik Capital Management

Weik Capital Management trimmed its stake in shares of Mastercard Incorporated (NYSE:MA) by 1.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,741 shares of the credit services provider’s stock after selling 171 shares during the quarter. Mastercard makes up 1.7% of Weik Capital Management’s portfolio, making the stock its 17th biggest position. Weik Capital Management’s holdings in Mastercard were worth $3,728,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Capital International Investors raised its holdings in shares of Mastercard by 3.3% during the fourth quarter. Capital International Investors now owns 21,041,685 shares of the credit services provider’s stock worth $8,974,478,000 after purchasing an additional 676,452 shares during the period. Capital Research Global Investors lifted its holdings in Mastercard by 4.7% in the fourth quarter. Capital Research Global Investors now owns 13,608,023 shares of the credit services provider’s stock worth $5,803,956,000 after acquiring an additional 605,909 shares during the last quarter. Norges Bank bought a new position in shares of Mastercard during the fourth quarter valued at approximately $4,595,559,000. Northern Trust Corp raised its position in shares of Mastercard by 2.9% during the 3rd quarter. Northern Trust Corp now owns 9,075,358 shares of the credit services provider’s stock worth $3,593,025,000 after purchasing an additional 251,516 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Mastercard by 5.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 5,510,259 shares of the credit services provider’s stock worth $2,181,964,000 after purchasing an additional 306,663 shares during the last quarter. Institutional investors own 97.28% of the company’s stock.

Insider Buying and Selling

In other news, major shareholder Foundation Mastercard sold 200 shares of the company’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $487.25, for a total value of $97,450.00. Following the transaction, the insider now owns 97,543,308 shares in the company, valued at approximately $47,527,976,823. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Mastercard news, major shareholder Foundation Mastercard sold 200 shares of the business’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $487.25, for a total value of $97,450.00. Following the transaction, the insider now owns 97,543,308 shares in the company, valued at $47,527,976,823. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Sandra A. Arkell sold 300 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $447.23, for a total value of $134,169.00. Following the completion of the sale, the insider now directly owns 4,063 shares of the company’s stock, valued at approximately $1,817,095.49. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,211,936 shares of company stock valued at $1,000,536,422. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on MA. Piper Sandler started coverage on Mastercard in a research note on Monday, May 13th. They issued an “overweight” rating and a $531.00 target price on the stock. TD Cowen began coverage on shares of Mastercard in a research report on Thursday, April 11th. They issued a “buy” rating and a $545.00 target price for the company. Robert W. Baird lifted their price target on Mastercard from $525.00 to $545.00 and gave the company an “outperform” rating in a report on Thursday, April 18th. Susquehanna reissued a “positive” rating and issued a $535.00 price objective on shares of Mastercard in a report on Wednesday, April 3rd. Finally, Barclays lowered their target price on Mastercard from $549.00 to $530.00 and set an “overweight” rating on the stock in a research report on Monday, May 6th. Two analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $497.78.

Mastercard Stock Performance

Mastercard stock opened at $449.79 on Friday. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.09 and a quick ratio of 1.09. The company has a market cap of $418.13 billion, a P/E ratio of 35.75, a price-to-earnings-growth ratio of 1.76 and a beta of 1.09. Mastercard Incorporated has a fifty-two week low of $359.77 and a fifty-two week high of $490.00. The firm’s 50 day simple moving average is $457.28 and its 200-day simple moving average is $449.20.

Mastercard (NYSE:MA) last announced its earnings results on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.22 by $0.09. The company had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.34 billion. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The company’s revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the business earned $2.80 EPS. As a group, equities research analysts predict that Mastercard Incorporated will post 14.22 EPS for the current year.

Mastercard Company Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.